The tax reform legislation recently passed by Congress significantly changes the landscape for individuals beginning January 1, 2018, and continuing for many years come. For many taxpayers, the changes made by the legislation present a host of tax planning challenges and opportunities going forward. Due to the elimination or limitation on itemized deductions, and the […]
Archives for December 2017
Year-End Gifts To Charity
As we approach the end of the year, many of our clients have asked us questions about year-end gifts to charity. The IRS gives us some good guidance in IR-2015-134. They have even included some reminders that I’ve copied below: Qualified charities. Check that the charity is eligible. Only donations to eligible organizations are tax-deductible. […]